FUN USDT FUNToken Technical Analysis

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By Frans van Elst

FUNToken logo In this FUNToken technical analysis, we will examine the current price action, trading volume, key levels and indicators for FUN-USDT. FUNToken is a decentralized platform that enables users to create and manage their own digital assets, including tokens and smart contracts. It utilizes blockchain technology to provide secure and transparent transactions, allowing for a wide range of applications from gaming to supply chain management. With FUNToken, users can easily create and manage their own digital assets, opening up new possibilities for innovation and creativity in the digital world.

FUNToken Price Overview:

As of May 13, 2024, FUNToken is trading at approximately 0.00514 USDT. Let’s dive into the detailed price action for FUN-USDT:

Explore FUNToken’s (FUNUSDT) potential setbacks at 5.14e-03 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.00512
High (H) 0.00519
Low (L) 0.00498
Close (C) 0.00514
Volume (C) 206,228,190.00
  • Open (O): The opening price for today’s trading session was approximately 0.00512 USDT.
  • High (H): FUNToken reached a daily high of around 0.00519 USDT.
  • Low (L): The daily low for FUN-USDT was approximately 0.00498 USDT.
  • Close (C): At the time of analysis, FUNToken is trading near its daily close of 0.00514 USDT.
Metric Value
1D Change (%) 0.35%
3D Change (%) 1.36%
7D Change (%) -4.90%
30D Change (%) -1.95%
90D Change (%) -6.95%
YTD Change (%) -20.33%

Over the past three days, FUNUSDT has risen by approximately 1.36%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FUNUSDT maintaining a downward trend of approximately -1.95%, despite intermittent fluctuations. Examining the last 90 days, FUNUSDT has witnessed substantial decrease of approximately -6.95%, reflecting strong long-term confidence. Year-to-date, FUNUSDT has steadily depreciated by around -20.33%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

FUNToken Live Chart:

You can access a live price chart for FUN-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.39886.
  • Momentum score is -0.11818.

FUN USDT Technical Analysis

FUNToken Trading Volume:

The trading volume for FUNToken (FUN) over the past 24 hours has been insignificant, with approximately 206,228,190.00 USDT traded against FUN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): FUN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): FUNToken is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for FUN-USDT is currently in the low zone, around 44.0164. This suggests that FUNToken is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

FUNToken (FUN-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Explore FUNToken’s (FUNUSDT) potential setbacks at 5.14e-03 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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